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The hacker behind the biggest crypto hack revealed the hacking tricks used.
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In 2016, hackers succeeded in withdrawing nearly $4.5 Billion in Bitcoin.
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The Bitcoin Fog tactic was allegedly used for the hack.
Hacks and scams in the crypto world are evolving as hackers develop new tricks and tactics. On February 27, Ilya Lichtenstein, the mastermind behind the biggest Bitcoin (BTC) hack appeared as a cooperating US government witness and shared details of the $4.5 Billion Bitcoin hack. Bitcoin Fog trick helped Lichtenstein to attempt the biggest heist in the crypto world.
How the crypto hack was attempted
In 2016, Bitfinex, one of the longest-operating and most liquid major cryptocurrency exchanges was hacked. In that attack, Bitcoin worth $4.5 Billion was robbed in one of the largest crypto exchange breaches.
Ilya Lichtenstein pleaded guilty to laundering Billions from a crypto exchange.
On Tuesday, in a money launder
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